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Alaska Statutes Title 8. Business and Professions § 08.76.180. Register of pawnbroker transactions

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) A pawnbroker shall maintain a register in which the pawnbroker shall enter in legible English at the time of each pawnbroker transaction

(1) the date of the pawnbroker transaction;

(2) the name of the person conducting the pawnbroker transaction;

(3) the name, age, and address of the pledgor or purchaser;

(4) a description of the pledged property or purchased property, including the serial number, model number, or other number on the item of property;

(5) the price paid or amount loaned;

(6) the signature of the pledgor or seller; and

(7) the type of identification used by the pledgor or seller, the name of the government agency that issued the identification, and the number written on the identification.

(b) A register may be contained in a book or in an electronic format, except that, subject to (c) of this section, the register for pawn transactions must be in an electronic format.

(c) If, on July 1, 2011, a pawnbroker is located in a municipality that has a population of 6,000 or fewer individuals, the pawnbroker's register for pawn transactions may be contained in a book.

(d) A pawnbroker may not falsify or intentionally fail to make an entry of a material matter in a register.

(e) A pawnbroker shall maintain in good condition the record in the register of a completed pawnbroker transaction for one year after the completion of the pawnbroker transaction.

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Cite this article: FindLaw.com - Alaska Statutes Title 8. Business and Professions § 08.76.180. Register of pawnbroker transactions - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-8-business-and-professions/ak-st-sect-08-76-180/

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